Michael Eliason | KAR Auction Services, Inc. |
James P. Hallett | KAR Auction Services, Inc. |
Eric M. Loughmiller | KAR Auction Services, Inc. |
John Murphy | Bank of America Merrill Lynch |
Matthew J. Fassler | Goldman Sachs & Co. LLC |
Daniel Imbro | Stephens, Inc. |
Bret Jordan | Jefferies LLC |
Gary Frank Prestopino | Barrington Research Associates, Inc. |
Bob J. Labick | CJS Securities, Inc. |
Chris Bottiglieri | Wolfe Research LLC |
Craig R. Kennison | Robert W. Baird & Co., Inc. |
John Healy | Northcoast Research Partners LLC |
Matthew Paige | Gabelli & Company |
Good day, ladies and gentlemen, and welcome to the KAR Auction Services First Quarter 2018 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. And as a reminder, this conference is being recorded. I would now like to turn the call over to Mr.